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Contract Enforcement – And Its Impact on Bilateral Trade
Jönköping University, Jönköping International Business School, JIBS, Economics.
2008 (English)Independent thesis Advanced level (degree of Magister), 10 points / 15 hpStudent thesis
Abstract [en]

Today it is well known that institutions have a significant impact on growth and development. Less research has been investigating how institutions and in-stitutional quality affect trade. This thesis will specifically examine the effect contract enforcement has on bilateral trade. Secure property rights and con-tract enforcement are important for a country’s productivity and growth.

The empirical analysis is based on the gravity model of trade to examine what explains the trade flows and more importantly what impact contract enforce-ment has on the bilateral trade. Instead of using one of the many existing sub-jective measurements of contract enforcement, an objective measurement called Contract-Intensive Money (CIM) is used.

The results show that contract enforcement of the exporting country has a greater impact on exports than that of the importing country. As expected the institutionally dependent sector of machinery and transport equipment requires a higher level of contract enforcement than the standardized food sector. It implies that the exporting country will have a comparative advantage in export-ing complex products and import simple products. The results also indicates that the effect on exports is higher when there is development of a country’s poor contract enforcement rather than improvement in already high-quality contract enforcement in the partner country.

Place, publisher, year, edition, pages
2008. , 30 p.
Keyword [en]
Gravity model, international trade, contract enforcement, contract-intensive money, Polity IV
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-1316OAI: oai:DiVA.org:hj-1316DiVA: diva2:3774
Uppsok
samhälle/juridik
Supervisors
Examiners
Available from: 2008-06-23 Created: 2008-06-23

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf